Oberoi Realty has signed a development agreement for an 81.05-acre land parcel in Tekali village, Alibaug, near Mumbai. The project includes a high-end luxury five-star hotel and resort on 8.6 acres, along with approximately 150 luxury branded residential villas on the remaining 72.45 acres. The agreement involves revenue and area sharing with the landowners.
Oberoi Realty, a prominent real estate developer in India, has embarked on an ambitious project to develop a luxury hotel and residential villas in Alibaug, Maharashtra. This initiative aims to cater to the growing demand for premium hospitality and residential experiences in the region.
Project Overview
The development is set on an expansive 81-acre land parcel located in Tekali village, Alibaug, within the Raigad district of Maharashtra. Oberoi Realty has entered into a development agreement to transform this area into a premium destination featuring a five-star hotel and approximately 150 high-end luxury, fully serviced, branded residential villas. The project is designed to offer a harmonious blend of modern luxury and natural beauty, providing an unparalleled living experience.
Luxury Villas
Spanning approximately 72.45 acres of the development, the residential segment will comprise around 150 luxury villas. These villas are meticulously designed to meet the evolving lifestyle needs of modern homebuyers, offering configurations of 3 BHK, 4 BHK, and 5 BHK units. Each villa provides a private, tranquil space equipped with contemporary amenities, making it an ideal retreat for those seeking a luxurious lifestyle in a serene setting.
Five-Star Hotel and Resort
In addition to the residential villas, the project includes the development of a five-star hotel and resort, occupying approximately 8.6 acres of the land. This establishment aims to provide top-tier hospitality services, enhancing the overall appeal of the development. Guests and residents will have access to world-class amenities and services, ensuring a comfortable and luxurious stay.
Strategic Location
Alibaug, often referred to as the “Goa of Maharashtra,” is renowned for its pristine beaches, lush greenery, and tranquil environment. Its proximity to Mumbai makes it a favored destination for weekend getaways and second homes. The strategic location of this development offers residents and guests easy access to the coastline, promoting a lifestyle that seamlessly integrates luxury with nature.
Market Trends and Demand
The demand for branded residences and serviced villas has seen a significant uptick in recent years. Properties that combine the exclusivity of private homes with the convenience of hotel services are particularly appealing to affluent buyers. Oberoi Realty’s initiative to develop luxury villas and a five-star hotel in Alibaug capitalizes on this trend, aiming to meet the lifestyle aspirations of discerning customers seeking premium living spaces in serene.
Oberoi Realty’s foray into developing a luxury hotel and residential villas in Alibaug underscores its commitment to expanding its portfolio with premium projects that cater to the evolving preferences of modern consumers. By integrating world-class amenities with the natural charm of Alibaug, this development is poised to set new benchmarks in luxury living and hospitality, offering an exceptional experience for both residents and visitors.
Group Media Publication
Construction, Infrastructure and Mining
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